what is Dual Accounting

Answers were Sorted based on User's Feedback



what is Dual Accounting..

Answer / shipra

IT IS A FACT BASED ON DOUBLE ENTRY ACCOUNTING SYSTEM.ALL THE
BUSINESS TRANSACTIONS HAVE A TWO FOLD ASPECT IN WHICH THE
ONE WHO RECEIVES ADDS TO HIS FUND AND TREATED AS DEBTOR, AND
THE ONE WHO PARTS AWAY WITH SOMETHING,CREDITS THE ACCOUNT
CONCERNED

Is This Answer Correct ?    0 Yes 2 No

what is Dual Accounting..

Answer / siva kumar

dual accounting is a douable entry system.this is two
accpets .one accepetis debit anther accpets is credit.my
knowledge is this but any mistake of this question
retification pleaseaccpet.









siva kumar

Is This Answer Correct ?    8 Yes 15 No

Post New Answer

More Accounting AllOther Interview Questions

define export sales contract. distinguish between export sales contract and domestic sales contract.

1 Answers   L&T,


What is the difference between capital work in progress and capital commitment??

2 Answers  


Where does TDS payable & receivable appear in the books of accounts

5 Answers   Northern Group,


wat is penny stock?

4 Answers   Deloitte,


I am going to attend an interview for the post of Accounts Officer in NCMSL Co.(procurement co.),So pls help me for the interview.

1 Answers  






classify the following into personal,real,nominal a/c-capital interest, purchase,drawing,sales return,outstanding rent,bills payable,club a/c, bill's receivable,bills payable,salary

1 Answers  


what is accounting entries to be made in TAlly for stock (rice, cocunut, oils etc.,) used for food (like idly, dosa etc.,) pls guide us

5 Answers  


What can the maxium amount transfer to the Suspense a/c?

1 Answers   BPO, Outsource Partners International,


what perposs calculate the fixed assets

5 Answers   Capital IQ,


Decrease in the amount of Creditors result in 1.Increase in Cash 2.Decrease in Cash

6 Answers   Infosys, SET Exam,


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

0 Answers  


PLEASE EXPLAIN DEBIT NOTE & CREDIT NOTE?WITH THE FOLLOWING QUESTION? 1)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS SUPPLIER(CREDITOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS? 2)IF X LTD.SOLD MATERIAL @ RS.112500/-WITH INCLUSIVE VAT @ 12.5% TO HIS CUSTOMER(DEBTOR),BUT AFTERWORD THEY FOUND THAT THE MATERIAL COMES UNDER 5% VAT RATE CATEGORY.SO HOW THEY ADJUST THEIR LOSS RS.7500/- IN THEIR BOOKS?

1 Answers   URC Construction,


Categories